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RESERVE BANK OF INDIA


Form for Annual Return on Foreign Liabilities and Assets as on 31 March, Y Y Y Y
(Return to be filled under A.P. (DIR Series) Circular No. 45 dated March, 15 2011 to the Department of Statistics and Information Management, RBI, Mumbai)

Please read the guidelines/definitions carefully before filling-in the Return.

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Nature of business NIC DIVISION DESCRIPTION Crop and animal production, hunting and related service activities Forestry and logging Fishing and aquaculture Mining of coal and lignite Extraction of crude petroleum and natural gas Mining of metal ores Other mining and quarrying Mining support service activities Manufacture of food products Manufacture of beverages Manufacture of tobacco products Manufacture of textiles Manufacture of wearing apparel Manufacture of leather and related products Manufacture of wood and products of wood and cork, except furniture Manufacture of paper and paper products Printing and reproduction of recorded media Manufacture of coke and refined petroleum products Manufacture of chemicals and chemical products Manufacture of pharmaceuticals, medicinal chemical and botanical products Manufacture of rubber and plastics products Manufacture of other non-metallic mineral products Manufacture of basic metals Manufacture of fabricated metal products, except machinery and equipment Manufacture of computer, electronic and optical products Manufacture of electrical equipment Manufacture of machinery and equipment n.e.c.

NIC CODE 01 02 03 05 06 07 08 09 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28

CURRENCY NAME ACU DOLLAR AMU ANDORAN PESTA UAE DIRHAM AFGHANI ALBANIAN LEK ARMENIAN DRAM NETH.ANTILLIES ANGOLA KWANZA REAJUSTADO ARGENTINE PESO AUSTRIAN SCHILLING AUSTRALIAN DOLLAR ARUBAN GUILDER AZARBAIJAN MANAT NEW DINAR BARBADOS DOLLAR BANGLADESH TAKA BELGIAN FRANC BULGARIAN LEV LEV BAHRAINI DINAR BURUNDI FRANC BERMUDIAN DOLLAR BRUNEI DOLLAR BOLIVIAN BOLIVIANO BRAZILIAN REAL

CURRENCY CODE ACD ACU ADP AED AFA ALL AMD ANG AON AOR ARS ATS AUD AWG AZM BAM BBD BDT BEF BGL BGN BHD BIF BMD BND BOB BRL

Manufacture of motor vehicles, trailers and semi-trailers Manufacture of other transport equipment Manufacture of furniture Other manufacturing Repair and installation of machinery and equipment Electricity, gas, steam and air conditioning supply Water collection, treatment and supply Sewerage Waste collection, treatment and disposal activities; materials recovery Remediation activities and other waste management services Construction of buildings Civil engineering Specialized construction activities Wholesale and retail trade and repair of motor vehicles and motorcycles Wholesale trade, except of motor vehicles and motorcycles Retail trade, except of motor vehicles and motorcycles Land transport and transport via pipelines Water transport Air transport Warehousing and support activities for transportation Postal and courier activities Accommodation Food and beverage service activities Publishing activities Motion picture, video and television programme production, sound recording and music publishing activities Broadcasting and programming activities Telecommunications

29 30 31 32 33 35 36 37 38 39 41 42 43 45 46 47 49 50 51 52 53 55 56 58 59

BAHAMIAN DOLLAR BHUTAN NGULTRUM PULA BOTSWANIAN PULA BELARUS ROUBLE RUBLE BELIZE DOLLAR CANADIAN DOLLAR FRANC SWISS FRANC CHILEAN PESO YUAN RENMINBI COLOMBIAN PESO COSTA RICAN COLON SERBIAN DINAR CUBA CONVERTIBLE PESO CUBAN PESO CAPE VERDE ESCUDO CYPRUS POUND CZECH KORUNA DEUTSCHE MARK DJIBOUTI FRANC DANISH KRONER DOMINICAN PESO ALGERIAN DINAR

BSD BTN BWD BWP BYB BYR BZD CAD CDF CHF CLP CNY COP CRC CSD CUC CUP CVE CYP CZK DEM DJF DKK DOP DZD

60 61

ECUADOR SUCRE ESTONIAN KROON

ECS EEK

Computer programming, consultancy and related activities Information service activities Financial service activities, except insurance and pension funding Insurance, reinsurance and pension funding, except compulsory social security Other financial activities Real estate activities Legal and accounting activities Activities of head offices; management consultancy activities Architecture and engineering activities; technical testing and analysis Scientific research and development Advertising and market research Other professional, scientific and technical activities Veterinary activities Rental and leasing activities Employment activities Travel agency, tour operator and other reservation service activities Security and investigation activities Services to buildings and landscape activities Office administrative, office support and other business support activities Public administration and defence; compulsory social security Education Human health activities Social work activities without accommodation Creative, arts and entertainment activities Libraries, archives, museums and other cultural activities Gambling and betting activities Sports activities and amusement and recreation activities

62 63 64 65 66 68 69 70 71 72 73 74 75 77 78 79 80 81 82 84 85 86 88 90 91 92 93

EGYPTIAN POUND ERITREAN NAKFA SPANISH PESETA ETHIOPIAN BIRR EURO (EUROPEAN UNION) FINNISH MARKKA FIJI DOLLAR FALKLAND ISLANDS POUND FRENCH FRANC POUND STERLING GEORGIAN LARI GUERNSEY POUND GHANA CEDI GIBRALTAR POUND GAMBIAN DALASI GUINEA FRANC GUINEA FRANC GREEK DRACHMA GUATEMALA QUETZAL GUINEA-BISSAU PESO GUYANA DOLLAR HONG KONG DOLLARS HONDURAS LEMPIRA CROATIA KUNA HAITI GOURDE HUNGARIAN FORINT INDONESIAN RUPIAH

EGP ERN ESP ETB EUR FIM FJD FKP FRF GBP GEL GGP GHC GIP GMD GNF GNS GRD GTQ GWP GYD HKD HNL HRK HTG HUF IDR

Activities of membership organizations Repair of computers and personal and household goods Other personal service activities Activities of households as employers of domestic personnel Undifferentiated goods- and servicesproducing activities of private households for own use Activities of extraterritorial organizations and bodies

94 95 96 97 98 99

IRISH POUND ISRAELI NEW SHEKEL ISLE OF MAN POUND INDIAN RUPEE IRAQI DINAR IRANIAN RIAL ICELAND KRONA ITALIAN LIRA JERSEY POUND JAMAICAN DOLLAR JORDANIAN DINAR JPY IN 000 JAPANESE YEN KENYAN SHILLING KYRGYZSTAN SOM CAMBODIAN RIAL COMOROS FRANC NORTH KOREAN WON SOUTH KOREAN WON KUWAITI DINAR CAYMAN ISLANDS DOLLAR KAZAKSTAN TENGE LAO NEW KIP LEBANESE POUND SRI LANKAN RUPEE LIBERIAN DOLLAR LESOTHO MALOTI LITHUANIAN LITAS LUXEMBOURG FRANC LATVIAN LATS LIBYAN DINAR MOROCCAN DIRHAM MOLDOVAN LEU MALAGASY ARIAR MADAGASCAR FRANC MACEDONIAN DINAR MYANMAR KYAT MONGOLIAN TUGRIK MACAU PATACAS MAURITANIAN OUGUIYA MALTESE LIRA

IEP ILS IMP INR IQD IRR ISK ITL JEP JMD JOD JPK JPY KES KGS KHR KMF KPW KRW KWD KYD KZT LAK LBP LKR LRD LSL LTL LUF LVL LYD MAD MDL MGA MGF MKD MMK MNT MOP MRO MTL

MAURITIUS RUPEE MALDIVIAN RUFIYAA MALAWIAN KWACHA MEXICAN PESO MALAYSIAN RINGGIT MOZAMBIQUE METICAL NAMIBIAN DOLLAR NIGERIAN NAIRA NICARAGUAN GOLD CORDOBA NETHERLANDS GUILDER NORWEGIAN KRONE NEPALESE RUPEE NEW ZEALAND DOLLAR OMANI RIAL PANAMAN BALBOA PERUVIAN NEW SOL KINAS (PAPUA NEW GUINEA) PHILIPPINIAN PESO PAKISTANI RUPEE POLISH ZLOTY PORTUGUESE ESCUDO PARAGUAY GUARANI QATARI RIAL ROMANIAN LEU ROMANIAN NEW L SERBIA DINAR RUSSIAN ROUBLE RUSSIAN RUBLE RWANDA FRANC SAUDI RIAL SOLOMON ISLANDS DOLLAR SEYCHELLES RUPEE SUDANESE DINAR SWEDISH KRONA SINGAPORE DOLLAR ST. HELENA POUND SLOVENIAN TOLAR SLOVAK KORUNA LEONE SOMALI SHILLING SEBORGA LUIGINO SURINAME DOLLA SURINAME GUILDER DOBRA EL SALVADOR COLON SYRIAN POUND SWAZILAND LILANGENI

MUR MVR MWK MXN MYR MZM NAD NGN NIO NLG NOK NPR NZD OMR PAB PEN PGK PHP PKR PLN PTE PYG QAR ROL RON RSD RUB RUR RWF SAR SBD SCR SDD SEK SGD SHP SIT SKK SLL SOS SPL* SRD SRG STD SVC SYP SZL

THAI BAHT THB TAJIK ROUBLE TJR TAJIK SOMONI TJS TURKMENI MANAT TMM TUNISIAN DINAR TND TONGA PARANGAS TOP TIMOR ESCUDO TPE TURKISH LIRA TRL TURKISH NEW LI TRY TRINIDAD AND TOBAGO DOLLAR TTD TUVALU DOLLAR TVD TAIWAN DOLLAR TWD TANZANIAN SHILLING TZS UKRAINIAN HRYVNIA UAH UGANDA SHILLING UGX UNITED STATES DOLLAR USD URUGUAYAN PESO UYP URUGUAYAN PESO UYU UZBEKISTAN SUM UZS VENEZUELAN BOLIVAR VEB VIETNAM DONG VND VANUATU VATU VUV TALA WST CFA FRANC XAF SILVER (OUNCE) XAG GOLD (OUNCE) XAU EAST CARBBI XCD SPECIAL DRAWING RIGHTS XDR EUROPEAN CURRENCY UNIT XEU GOLD FRANC XFO UIC FRANC XFU WEST AFRICAN CFA FRANC XOF PALLADIUM (OUN XPD CFP FRANC XPF PLATINUM (OUNC XPT UNKNOWN XXX YEMENI RIAL YER SOUTH AFRICAN RAND ZAR ZAMBIAN KWACHA ZMK CONGO DEMOCRATIC REPUBLIC ZAIRE CONGELESE FRANC ZRN ZIMBABWE DOLLAR ZWD

SYRIAN TAIWA TAJIKS TANZA THAIL TIMOR TOGO TOKEL TONG TRINID TUNIS TURKE TURKM TURKS TUVAL U.S.A. UGAN UK VIR UKRAI UNITE UNITE URUG US PA US VIR UZBEK VANU VATIC VENEZ VIETN

WESTE WESTE YEMEN YEMEN YUGO ZAIRE ZAMB ZIMBA

COUNTRY NAME AFGHANISTAN ALBANIA ALGERIA AMERICAN SAMOA ANDORRA ANGOLA ANGUILLA ANTIGUA AND BARBUDA ARGENTINA ARMENIA ARUBA ASIAN CLEARING UNION AUSTRALIA AUSTRIA AZERBAIJAN BAHAMA ISLANDS BAHRAIN BANGLADESH BARBADOS BELARUS BELGIUM BELIZE BENIN BERMUDA BHUTAN BOLIVIA

COUNTRY CODE AF AL DZ AS AD AO AI AG AR AM AW AC AU AT AZ BS BH BD BB BY BE BZ BJ BM BT BO

BONAIRE, SINT EUSTATIUS AND SABABQ

BOSNIA-HERZEGOVINA BOTSWANA BOUVET ISLAND BRAZIL BRITISH INDIAN OCEAN TERRITORY BRUNEI DARUSSALAM BULGARIA BURKINA FASO BURUNDI CAMBODIA CAMEROON REPUBLIC CANADA CANARY ISLANDS CAPE VERDE CAYMAN ISLANDS CENTRAL AFRICAN REPUBLIC CHAD CHILE CHINA(MAINLAND) PEOPLES REP. CHRISTMAS ISLAND COCOS ISLAND COLOMBIA COMBODIA COMOROS CONGO

BA BW BV BR IO BN BG BF BI KH CM CA IC CV KY CF TD CL CN CX CC CO CB KM CG

CONGO KINSHASA COOK ISLANDS

CD CK

COSTA RICA COTE D'IVOIRE CROATIA CUBA CURACAO CYPRUS CZECH REPUBLIC DENMARK DJIBOUTI REP. DOMINICA DOMINICAN REP. EAST TIMOR ECUADOR EGYPT EL SALVADOR EQUATORIAL GUINEA EQUATORIAL GUINEA ERITREA ESTONIA ETHIOPIA EUROPEAN MONETARY SYSTEM EUROPEAN UNION FALKLAND ISLANDS FAROE ISLAND FIJI ISLANDS FINLAND FRANCE

CR CI HR CU CW CY CZ DK DJ DM DO TP EC EG SV GQ GN ER EE ET XE EU FK FO FJ FI FR

FRENCH GUIANA FRENCH POLYNESIA FRENCH SOUTHERN TERRITORIES GABON GAMBIA GEORGIA GERMANY GHANA GIBRALTAR GREECE GREENLAND GRENADA GUADELOUPE GUAM GUATEMALA GUERNSEY GUINEA-BISSAU GUYANA HAITI HEARD AND MC DONALD ISLANDS HONDURAS REP. HONG KONG HUNGARY ICELAND INDIA INDONESIA INTENATIONAL ORGANISATION IRAN IRAQ IRELAND ISLE OF MAN ISRAEL ITALY JAMAICA JAPAN JERSEY JORDAN KAZAKSTAN KENYA KIRIBATI KOREA (NORTH)

GF PF TF GA GM GE DE GH GI GR GL GD GP GU GT GG GW GY HT HM HN HK HU IS IN ID ZZ IR IQ IE IM IL IT JM JP JE JO KZ KE KI KP

KOREA (SOUTH) KR KOSOVO KO KUWAIT KW KYRGYZSTAN KG LAO PEOPLES' DEM. REP. (LAOS LA LATVIA LV LEBANON LB LESOTHO LS LIBERIA LR LIBYA LY LIECHTENSTEIN LI LITHUANIA LT LUXEMBOURG LU MACAO MO MACEDONIA MK MADAGASCAR DEM. REPUBLIC MG MALAWI MW MALAYSIA MY MALDIVES MV MALI ML MALTA MT MARSHALL ISLANDS MH MARTINIQUE MQ MAURITANIA MR MAURITIUS MU MAYOTEE YT MEXICO MX MICRONESIA, FEDERATED STATES OFFM MOLDOVA MD MONACO MC MONOGOLIA MN MONTENEGRO ME MONTSERRAT MS MOROCCO MA MOZAMBIQUE MZ MYANMAR MM NAMIBIA NA NAURU NR NEPAL NP NETHERLANDS NL NETHERLANDS ANTILLES AN NEW CALEDONIA NC NEW ZEALAND NZ NICARAGUA NI NIGER NE NIGERIA NG NIUE NU

NO SPECIFIC COUNTRY XX NORFOLK ISLAND NF NORTHERN MARIANA ISLANDS MP NORWAY NO OFFSHORE UNIT (INDIA) OU OMAN, SULTANATE OF OM PAKISTAN PK PALAU PW PALESTENIAN PS PANAMA PA PANAMA CANAL ZONE PZ PAPUA NEW GUINEA PG PARAGUAY PY PERU PE PHILIPPINES PH PITCAIRN PN POLAND PL PORTUGAL PT PUERTO RICO PR QUATAR QA REPUBLIC OF SERBIA RS REUNION RE ROMANIA RO RUSSIA RU RWANDA RW SAN MARINO SM SAN TOME AND PRINCIPE ST SAUDI ARABIA SA SENEGAL SN SERBIA CS SEYCHELLES SC SIERRA LEONE SL SINGAPORE SG SINT MAARTEN SX SLOVAKIA (SLOVAK REPUBLIC) SK SLOVENIA SI SOLOMON ISLANDS SB SOMALI REPUBLIC SO SOUTH AFRICA ZA SOUTH GEORGIA AND SOUTH SANDWITH ISLANDS GS SPAIN ES SRI LANKA LK ST. HELENA SH ST. KITTS AND NEVIS KN ST. LUCIA LC ST. PIERRE AND MIQUELON PM ST. VINCENT & GRENADINES VC

SUDAN SURINAM SWAZILAND SWEDEN SWITZERLAND SYRIAN ARAB REP. TAIWAN TAJIKSTAN TANZANIA THAILAND TIMOR-LESTE TOGO REPUBLIC TOKELAU TONGA ISLANDS TRINIDAD AND TOBAGO TUNISIA TURKEY TURKMENISTAN TURKS AND CAICOS ISLANDS TUVALU U.S.A. UGANDA UK VIRGIN ISLANDS UKRAINE UNITED ARAB EMIRATES UNITED KINGDOM URUGUAY US PACIFIC ISLANDS US VIRGIN ISLAND UZBEKISTAN VANUATU VATICAN CITY ISLAND VENEZUELA VIETNAM WALLIS AND FUTUNA ISLANDS WEST BANK AND GAZA STRIP WESTERN SAHARA WESTERN SAMOA YEMEN YEMEN DEMOCRATIC REPB. YUGOSLAVIAN ZAIRE ZAMBIA ZIMBABWE

SD SR SZ SE CH SY TW TJ TZ TH TL TG TK TO TT TN TR TM TC TV US UG VG UA AE GB UY PU VI UZ VU VA VE VN WF PS EH WS YE YD YU ZR ZM ZW

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Annex - I Annex to A.P.(DIR Series) Circular No. 45 Dated - March 15, 2011

RESERVE BANK OF INDIA


Annual Return on Foreign Liabilities and Assets
INSTRUCTIONS: . The Reserve Banks Co-ordinated Direct Investment Survey (CDIS) and Co-ordinated Portfolio Investment Survey(CPIS) are conducted under the auspices of the International Monetary Fund (IMF),wherein information is collected from Indian resident companies on their foreign financial liabilities and assets position as at endMarch of the previous financial year (FY) and end-March of the latest FY. This information is used in the compilation of Indias Balance of Payments (BoP), International Investment Position (IIP), Coordinated Direct Investment and Coordinated Portfolio Investment. . The completed return should be sent by July, 15 every year. The filled-in return in excel format should be send at e-mail id: fla@rbi.org.in, however, queries related to filling of return should be send to surveyfla@rbi.org.in.

Confidentiality Clause: The company-wise information so provided will be kept confidential and only
consolidated aggregates will be released by the Reserve Bank.

General Instruction for filling-in the Schedule:


1) Refer to the definitions given in the Excel format of the return before filling-in the return. 2) Irrespective of company's Account Closing date, information should be provided in prescribed format for end of previous March and latest March. 3) If the reference period is different from the Account Closing Period and/or accounts are unaudited, information should be furnished based on internal assessment or unaudited accounts.

4) All amounts should be reported as follows: (a) Blocks 1, 2, 4 & 5 should be reported in Rs. Lakh. (b) Blocks 3 should be reported in actual foreign currencies 5) If any block is not sufficient to report the information, use add button to insert the blocks. Except filled-in return (in excel), no information in separate annexure will be accepted. 6) Methodology for valuation of foreign liabilities and foreign assets: In case of listed company, equity should be valued using share price on closing date of reference period, while in case of unlisted company, Own Fund of Book Value (OFBV) Method should be used. Example: Valuation of Equity Investment using OFBV method in case of unlisted company Previous March A Equity Share Capital B Participating Preference Share Capital C Equity &Participating Preference Share Capital A+B D Reserves & Surplus E Net worth of the Company C+D Latest March

A+B C+D

F Equity Share Capital held by Non Resident Direct investor G Participating Preference Share Capital held by Non Resident Direct investor Equity &Participating Preference Share Capital held by Non Resident Direct H investor I Equity & Participating Preference Share holding Percentage J FDI at Market Value
Note:

F+G H/C E*I

F+G H/C E*I

a) Shares issued to non-resident on Non-Repatriable basis should not be reported in Annual Return. b) Traded Debt securities should be valued at market price, while all other types of debt, viz., loan, trade credit, deposits, and other accounts payable / receivable should be valued at nominal value. c) While reporting the foreign currency denominated, use the exchange rate as at end-March Previous FY and end-March Latest FY (as applicable)

Before filling the return to the Reserve Bank of India, please check that:
- You have reported all the items of the return relevant to you and as per your record. - You have kept a copy of the filled-in schedule in your own records.

For any clarification, please contact:

ELASD Help -desk Telephone No.:(022)26571265 / 26578340 / 26578241 FAX No. :(022) 26571265 /26570848 e-mail: surveyfla@rbi.org.in

---------- End of Annex - I ---------Annex - II Annex to A.P.(DIR Series) Circular No. 45 Dated - March 15, 2011

Concepts & Definitions to be used while filling-in Annual Return on Foreign Liabilities and Assets
Residence of Enterprises
An enterprise is said to have a centre of economic interest and to be a resident unit of a country (economic territory) when the enterprise is engaged in a significant amount of production of goods and/or services there or when it owns land or buildings located there. The enterprise must maintain at least one production establishment in the country and must plan to operate the establishment indefinitely or over a long period of time.

Retained Profit (Block 1B, Item 3.5, Section -II)


Retained profit (loss) = Profit (loss) after tax - Dividend declared - Tax on dividend (i.e. Item 3.5 = Item 3.2 minus Item 3.3 minus Item 3.4, of Block 1B)

Reserves (Block 1C, Item 4.1, Section-II) It includes all the reserves shown in the balance sheet of a company. It should not include the balances carry forwarded from P/L accounts. Profit and loss account Balance (Block 1C, item 4.2, Section-II)
The Profit and Loss (P/L) Account balances carry forwarded to the balance sheet should be reported at item 4.2 of Block 1C. The information should be taken from the Balance sheet and not from P/L account.

A. Direct Investment:
Direct investment is a category of international investment in which a resident entity in one economy [Direct Investor (DI)] acquires a lasting interest in an enterprise resident in another economy [Direct Investment Enterprise (DIE)]. It consists of two components, viz., Equity Capital and Other Capital. (i) Equity Capital under Direct Investment

It covers (1) Equity in branches and all shares (except non-participating preference shares) in subsidiaries and associates; (2) Contributions such as the provision of machinery, land & building(s) by a direct investor to a DIE by equity participation; (3) Acquisition by a DIE of shares in its direct investor, termed as Reserve investment (i.e. claims on DI). (a) Foreign Direct Investment in India (Block 2A, 2B, Section-III) If the Indian company has issued the shares to non-resident entities under the FDI scheme in India, then it should be reported under the Foreign Direct Investment in India (Liabilities), Section III of the return. If the non-resident entity holds the 10 per cent or more equity plus participating preference shares together, in the reporting Indian company, then it should be reported under Block-2A (item 1.1, liabilities to direct investor). However, if non-resident entity holds less than 10 per cent of the equity plus participating preference shares capital of reporting Indian company, then it should be reported under Block-2B (item 1.1, liabilities to direct investor). In both the cases, the non-resident entity is called as the Direct Investor (DI) while the reporting Indian company is called as Direct Investment Enterprise (DIE).

If the reporting Indian company also holds the equity shares in its DI company abroad and if its shareholding is less than 10 per cent of equity capital of DI company, then it is called as reverse investment and same should be reported under item 1.2 (claims on direct investor) of the respective blocks, i.e. Block 2A or 2B. (b) Direct Investment abroad by Indian companies (Block 4A and 4B, Section-IV)

If the reporting Indian company invests in equity and/or participating preference shares of overseas company, under the Overseas Direct Investment Scheme in India, i.e. investment in Joint venture or wholly owned subsidiaries abroad, then it should be reported under Section IV of the return. If the Indian company holds 10 per cent or more equity plus participating preference shares together, in overseas company, then it should be reported under Block-4A (item 1.1, claims on direct investment enterprise). However, if the Indian company holds less than 10 per cent of the equity plus participating preference shares capital of overseas company, then it should be reported under Block-4B (item 1.1, claims on direct investment enterprise). In both the cases, the Indian company is called as the Direct Investor (DI) while the overseas company is called as Direct Investment Enterprise (DIE).

If the overseas DIE also holds the equity shares in Indian reporting company (DI) and if its shareholding is less than 10 per cent of equity capital of Indian reporting company, then it is called as reverse investment and same should be reported under item 1.2 (liabilities to DIE) of the respective blocks, i.e. Block-4A or 4B.

(ii)

Other Capital under Direct Investment (Block 2A, 2B, 4A and 4B)

The other capital (other receivables and payables, except equity and participating preference shares investment) component of direct investment covers the outstanding liabilities or claims arising due to borrowing and lending of funds, investment in debt securities including non-participating preference shares, trade credits, financial leasing, share application money etc., between direct investors and DIEs and between two DIEs that share the same Direct Investor. Non-participating preference shares owned by the direct investor are treated as debt securities & should be included in Other Capital.

Other payables and receivables between Indian reporting company and its non-resident direct investor holding 10 per cent or more equity and/or preference share capital, should be report at item 2.1 and 2.2 respectively of Block 2A. However, other payables and receivables between Indian reporting company and non-resident investor holding less than 10 per cent of equity and/or preference capital as well as with nonresident fellow enterprises (related parties) should be reported at item 2.1 and 2.2 respectively of Block 2B.

Similarly, other receivables and payables between Indian reporting company and its overseas direct investment enterprise where Indian company hold 10 per cent or more equity and/or preference capital, should be reported at item 2.1 and 2.2 respectively of Block 4A. However, other receivables and payables between Indian reporting company and overseas direct investment enterprise where Indian company hold less than 10 per cent of equity and/or preference share capital of overseas company, as well as with nonresident fellow enterprises (related parties) should be reported at item 2.1 and 2.2 respectively of Block 4B.

B. Portfolio Investment:
(i) Portfolio Investment (Block 2C & 5) It covers external claims by or liabilities to reporting Indian company in equity and debt securities other than those included in direct investment (Block 2A, 2B on liability side and Block 4A and 4B on asset side). Debt securities include long-term bonds & notes and short-term money market instruments.

Any investment made by the non-resident entities in Indian company under the Portfolio Scheme in India should be reported under Block-2C (Portfolio liabilities). Further, shares purchased by non-residents of Indian reporting company through the secondary market, should be reported as Portfolio liabilities at Block 2C.

Any investment made by the Indian company in foreign shares and / or debt securities, apart from the investment made under the Overseas Direct Investment Scheme, should be reported under Block-5 (Portfolio assets). (ii) Equity Securities (Block 2C & 5, Item 1.0) Equity securities are instruments acknowledging the holders' claim to the residual income of the issuing enterprise after the claims of all creditors have been met. These include ordinary shares, stocks, participating preference shares, depository receipts (ADRs/GDRs) denoting ownership of equity securities issued to nonresidents, shares/units in mutual funds & investment trusts, equity securities that are sold under repurchase agreement, equity securities that are sold under securities lending arrangement.

(iii) Debt Securities (Block 2C & 5, Item 2.0) These include bonds & notes and money market instruments. (iii.a) Bonds and Notes (Block 2C & 5, Item 2.1) This category includes debt securities with original contractual maturities of more than one year (long-term). It includes the long-term securities such as Debentures, Non-participating preference shares, Convertible bonds, Negotiable certificates of deposit, Perpetual bonds, Collateralized mortgage obligations, Dual currency, Zero coupon and other Deep discounted bonds, Floating rate bonds and Index-linked bonds etc..

(v) Money Market Instruments (Block 2C & 5, Item 2.2) These short-term instruments with original contractual maturities up to one year include treasury bills, commercial paper, banker's acceptances, short-term negotiable certificates of deposit and short-term notes issued under note issuance facilities. It may be noted that the instruments that share the characteristics of money market instruments but are issued with maturities of more than one year are classified as Bonds and Notes.

C. Other Investments: (Block 6, Section-V)


This is a residual category that includes all financial outstanding liabilities and assets not considered as direct investment or portfolio investment such as: (C.i) Trade Credits Trade credits are assets and liabilities that arise from the direct extension of credit from a supplier to a buyer for transactions in goods and services and advance payments by buyers for transactions in goods and services and for work in progress. Trade credit assets are advance payments made by importer (you) for (your) imports or credit extended by exporter (you) directly to (your) importer. Trade credit liabilities are advance payment received by the exporter (you) for (your) exports or credit received by importer (you) directly from (your) exporter. It may be noted here that funding provided by an enterprise other than the supplier for the purpose of purchasing goods or services is treated as a loan and not as trade credit.

(C.ii) Loans Loans are direct lending of funds by a creditor to a debtor through arrangements. These include, external commercial borrowings, loans to finance trade (i.e. Buyers' credit in which a bank or a financial institution or an export credit agency in the exporting country extends a loan directly to a foreign buyer or to a bank in the importing country to pay for the purchase of goods and services), mortgages, and other loans and advances. Financial leases and repurchase agreements are also considered loans. These outstanding loans (liabilities/claims) should be reported under the loan item of Block 6.

Note that loan received from or payable to the non-resident direct investor should be reported under Other Capital of Block-2A or 2B while loan extended to or taken from your subsidiaries/ associates abroad should be reported under Other Capital of block 4A or 4B. (C.iii) Currency & Deposits: If the reporting Indian company is a bank , then all the outstanding balances of NRE, NRO (current/saving/fixed deposits) and FCNR accounts as well as any credit balance in VOSTRO accounts and overdue in NOSTRO accounts, should be reported against currency and deposits under the heads 'outstanding liabilities' . Similarly, credit balances in NOSTRO accounts as well as debit balances in VOSTRO accounts should be reported against currency and deposits under the heads 'outstanding claims' . If the reporting entity is other bank , then the currency and deposits kept abroad, including the ECB park abroad, should be reported against currency and deposits under the heads 'outstanding claims'. (C.iv) Other Receivable and Payable Accounts: These are the residual items that include all external financial liabilities and assets not recorded elsewhere. These are miscellaneous receivables and payables such as accounts relating to interest payments in arrears, loan payments in arrears, outstanding wages and salaries, prepaid insurance premium, outstanding taxes etc.

Identification of the Indian company (Item 9, Section-I). a) Foreign Subsidiary: An Indian company is called as a Foreign Subsidiary if a non-resident investor owns more than 50% of the voting power/equity capital OR Where a non-resident investor and its subsidiary(s) combined own more than 50% of the voting power/equity capital of an Indian enterprise. b) Foreign Associate: An Indian company is called as Foreign Associate if non-resident investor owns at least 10% and no more than 50% of the voting power/equity capital OR Where non-resident investor and its subsidiary(s) combined own at least 10% but no more than 50% of the voting power/equity capital of an Indian enterprise.

c) Special Purpose Vehicle:

A special purpose Vehicle (SPV) is a legal entity (usually a limited company of some type or, sometimes, a limited partnership) created to fulfil narrow, specific or temporary objectives. SPV have little or no employment, or operations, or physical presence in the jurisdiction in which they are created by their parent enterprises, which are typically located in other jurisdictions (economies). They are often used as devices to raise capital or to hold assets and liabilities and usually do not undertake significant production.

d) Public Private Partnership:

Publicprivate partnership (PPP) describes a government service or private business venture which is funded and operated through a partnership of government and one or more private sector companies. PPP involves a contract between a public sector authority and a private party, in which the private party provides a public service or project and assumes substantial financial, technical and operational risk in the project.

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---------- End of Annex - II ----------

Annex - I DIR Series) Circular No. 45 Dated - March 15, 2011

ated Portfolio Investment MF),wherein information is assets position as at endformation is used in the (IIP), Coordinated Direct

in excel format should be urn should be send to

pt confidential and only

he return.

d in prescribed format for

accounts are unaudited, ounts.

the blocks. Except filled-in

date of reference period, uld be used. Latest March

A+B C+D

F+G H/C E*I Annual Return.

of debt, viz., loan, trade al value.

nd-March Previous FY and

Annex - II DIR Series) Circular No. 45 Dated - March 15, 2011

-in ts

nit of a country (economic oods and/or services there at least one production ly or over a long period of

include the balances carry

hould be reported at item om P/L account.

ty in one economy [Direct onomy [Direct Investment al.

shares) in subsidiaries and ) by a direct investor to a estor, termed as Reserve

DI scheme in India, then it on III of the return. If the nce shares together, in the bilities to direct investor). cipating preference shares em 1.1, liabilities to direct or (DI) while the reporting

oad and if its shareholding se investment and same ks, i.e. Block 2A or 2B.

ence shares of overseas in Joint venture or wholly urn. If the Indian company overseas company, then it se). However, if the Indian shares capital of overseas nvestment enterprise). In verseas company is called

) and if its shareholding is ed as reverse investment cks, i.e. Block-4A or 4B.

pating preference shares or claims arising due to -participating preference ect investors and DIEs and ence shares owned by the

n-resident direct investor eport at item 2.1 and 2.2 n reporting company and apital as well as with nonespectively of Block 2B.

and its overseas direct and/or preference capital, receivables and payables here Indian company hold pany, as well as with nonespectively of Block 4B.

and debt securities other 4A and 4B on asset side). ruments.

Portfolio Scheme in India by non-residents of Indian abilities at Block 2C.

ecurities, apart from the reported under Block-5

ual income of the issuing hares, stocks, participating y securities issued to nonare sold under repurchase

han one year (long-term). rence shares, Convertible ortgage obligations, Dual ndex-linked bonds etc..

ear include treasury bills, osit and short-term notes hare the characteristics of re classified as Bonds and

s not considered as direct

from a supplier to a buyer ransactions in goods and ade by importer (you) for Trade credit liabilities are ceived by importer (you) enterprise other than the t as trade credit.

s. These include, external or a financial institution or n buyer or to a bank in the other loans and advances. These outstanding loans

d be reported under Other associates abroad should

balances of NRE, NRO in VOSTRO accounts and posits under the heads debit balances in VOSTRO nding claims' .

cluding the ECB park ding claims'.

s not recorded elsewhere. erest payments in arrears, m, outstanding taxes etc.

ns more than 50% of the combined own more than

ast 10% and no more than bsidiary(s) combined own nterprise.

me type or, sometimes, a s. SPV have little or no re created by their parent e often used as devices to production.

s venture which is funded companies. PPP involves a te party provides a public n the project.